HOW HOLOPACK WORKS

THE LIFECYCLE

1. 01 · Print

   A deckbuilder picks up to six cards, sets weights and the printer's cut. The factory deploys the pack, its binder and its fee splitter, and starts the run.

2. 02 · Rip

   Anyone buys on a constant-product curve over virtual reserves. 0.5% goes to the protocol, the creator fee is split between the deckbuilder and the binder.

3. 03 · Fund

   The binder's ETH is converted into the decklist's cards, by weight. Permissionless: any keeper can trigger it.

4. 04 · Grade

   At 4.2 ETH the run closes. 200M tokens plus the ETH raised (minus 1%) become a Uniswap pair whose LP tokens go to 0xdead.

5. 05 · Disenchant

   Holders burn pack and receive a pro-rata slice of every card in the binder. Supply on the curve or in the pool is excluded from the math.

6. 06 · Trade

   The pack keeps trading on Uniswap. The binder keeps its cards. The floor stays.

THE CURVE

(virtualEth + ethReserve) · (virtualToken − sold) = k

The virtual reserves are chosen so the curve ends exactly at the price the pool opens at. Sending more ETH than the run still needs charges fees only on what the run uses — the rest comes back in the same transaction.

WHAT CAN'T HAPPEN

• ✕Nobody can mint more pack — the mint authority doesn't exist after deploy.
• ✕Nobody can withdraw from a binder. Not the deckbuilder, not the protocol owner. Only disenchant moves a card.
• ✕Nobody can pull sealed liquidity. The LP tokens are at 0xdead.
• ✕Nobody can change a decklist or a fee split after printing.
• ✕Nobody has to wait for the team to open disenchant — markGraded is permissionless.

GLOSSARY

Pack

The index token. One ERC-20, fixed print run of 1,000,000,000, no mint after birth.

Cards

The 1–6 ERC-20s behind a pack. Memecoins, stables or tokenized blue chips.

Decklist

The recipe: which cards and the weight of each in basis points. Immutable once printed.

Deckbuilder

Whoever prints a pack. Earns the printer's cut on every trade.

Rip

Buy pack with ETH on the curve.

Disenchant

Sell pack. On the curve, for ETH. After grading, for your slice of the binder.

Binder

The reserve vault. Holds the cards. No owner, no admin withdrawal.

Print run

The bonding curve. 800M sold here; 200M kept back for the pool.

Grading

The run closing at 4.2 ETH. Liquidity moves to Uniswap and the LP tokens are burned.

Slabbed

Sealed liquidity. Unreachable by anyone — the only kind of locked that means anything.

Printer's cut

The creator fee, in ETH. At least 20% of it goes to the binder as reserves.

Chase card

The card that's pulling the pack up.